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LESSONS LEARNED

Earth and Space

OUR VISION

No other species can collaborate and solve problems like humans do.

 

We should use our talents and resources to minimise the negative impact of disasters.

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OUR MISSION

To minimise suffering in times of crisis by facilitating rapid and trusted procurement of emergency-supplies world-wide.

LESSONS LEARNED FROM COVID-19

More than any other crisis before, the global COVID-19 pandemic has highlighted many shortcomings of the current procurement processes for emergency-supplies

Traditional procurement processes are unsuitable in times of crisis, when purchasing:

  • is time-critical.

  • is dependent upon unknown (and untrusted) suppliers.

  • has to overcome supply shortages.

  • exposes buyers to price-gouging.

This situation needs to be addressed immediately to save lives and systems must be put in place to ensure that this doesn’t occur during the next crisis.

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BUYER-CHALLENGES IN TIMES OF CRISIS

  • ​Standard Request for Quote / Price (“RFQ”/“RFP”) process is too time-consuming.
     

  • Difficulties finding trustworthy suppliers, especially in unfamiliar markets.
     

  • High-quality suppliers are often inundated and unable to respond, leaving the market to price-gouging intermediaries.
     

  • Stretched suppliers focus on the biggest purchasers or those willing to pay significant premiums.
     

  • Smaller buyers are often left with nothing.
     

  • Internal competition and bidding within own countries and organisations.
     

  • Lack of information leads to hoarding and unequal distribution.

SUPPLIER-CHALLENGES IN TIMES OF CRISIS

  • ​Suppliers lose time and business responding to supply and price requests, as it becomes impossible to differentiate between real buyers and opportunistic intermediaries.
     

  • Interacting and negotiating with new/inexperienced international buyers takes time and resources.
     

  • Forecasting demand, production-planning and raw materials purchasing becomes difficult.
     

  • Setting fair market prices is difficult, as prices change by the hour, especially if competition is being unscrupulous.
     

  • Intermediaries/agents sometimes take advantage of the situation, resulting in inflated prices and reputation damage for manufacturers and their brands.

A POSSIBLE SOLUTION

A connected community of responsible corporations, aid-organisations, foundations and service-providers.

 

A global crisis-response trading-platform that is based on the proven, centuries-old concept of the Dutch flower-market.

 

Such a unique, members-only ecosystem, with its descending-price auctions would enable instant, trusted and fair trading of emergency-relief materials.​